Business Exits By Industry
Selling a Custom Made Carpets and Rugs Business
At first glance, an unstable economy would seem to be an unfriendly atmosphere for a custom made carpets and rugs business sale. But in reality, now may be the perfect time to sell a custom made carpets and rugs business.
You survived all the ups and downs of owning a business. Next, you'll need to prepare yourself to address the rigors of selling a custom made carpets and rugs business.
The economy hasn't squashed the market for custom made carpets and rugs businesses. Like always, unprofitable and poorly positioned businesses struggle to find buyers while sellers who have invested time and effort to prepare their sale are being rewarded in the marketplace.
What to Expect in a Custom Made Carpets & Rugs Business Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your custom made carpets and rugs business. The emotions of a sale are complicated by the fact that it may take time to locate the right buyer and the final sale price may be less than you think your custom made carpets and rugs business is worth. Although it isn't easy, you can mitigate the emotional impact of a custom made carpets and rugs business sale by setting realistic expectations before you list your business.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. If you aren't sure what to look for in a serious buyer, ask your broker for advice. Never provide detailed information about your custom made carpets and rugs business until the prospect has been qualified as a serious buyer.
How Much Does It Cost to Sell a custom made carpets and rugs business?
In a custom made carpets and rugs business sale, pricing is based on a number of factors, including the costs incurred during the sale. Good brokerage takes a 10% success fee off the top of the final sale price. Depending on your circumstances, you may also incur substantial expenses in hiring legal, appraisal and accounting professionals. Furthermore, your time has value, so you may need to include a personal compensation consideration in your expense estimates.
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